GE Oil & Gas Awarded $160 Million Petrobras Contracts for P-58 and P-62 Floating Production Units in Brazil

14 July 2010

GE will supply gas turbine and compressor equipment to PNBV—Petrobras Netherlands BV, subsidiary of Petrobras the integrated oil and gas company, for deployment in two floating production, storage and offloading (FPSO P-58 and P-62) units for exploration and production offshore Brazil.

The $160 million double FPSO unit contract awarded to GE is a significant assignment of orders for both power generation and compression packages to a single provider of equipment and services.

Joe Mastrangelo, vice president—turbomachinery for GE Oil & Gas said: “We're delighted to strengthen our already solid partnership with Petrobras with this double award for power generation and compression packages. As part of our optimum value solution, we are able to design reliable technology with reduced weights and dimensions to improve the performance and efficiency of both Petrobras floating production units.”

The technology will be deployed in two Petrobras FPSO vessels in the north of the Parque das Baleias Field in Espirito Santo and the Roncador Field in the Campos Basin that, combined, will support production of 360,000 barrels of oil per day scheduled to come online in 2013.

Under the award, GE Oil & Gas will supply eight 31.1 MW PGT25+ gas turbine generator sets and 12 motocompressor trains (either LP or HP) for the two vessels of up to 200 bar discharge pressure for natural gas export/gas lift. In addition, GE Oil & Gas also will contribute relevant local content participation by supplying both the electric generator and the electric motors for the P58 and P62 projects from the Brazilian market. Finally, GE Oil & Gas will provide technical advice for onsite installation and startup and training to support both plants.

The equipment will be manufactured in Florence, Italy, with full load string and performance tests conducted at GE’s production site.